Impressive Growth in Cyprus Tourism Revenue: €223.3m in Q1 2024, Surging 11.7% YoY

Revenue from tourism reached an estimated €223.3m in January–March 2024, rising 11.7% compared to €200m in the first quarter of 2023, Cystat said.

Based on the results of its Passengers Survey, in March, revenue from tourism reached €113m, compared to €97.8m in the corresponding month of 2023, recording an increase of 15.5%.

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The average expenditure per person was €558.88 in March 2024 compared to €530.72 in March 2023 (up 5.3%).

Tourists from the United Kingdom, again Cyprus’ largest tourist market with 31.8% of the total in March, spent on average €73.49 per day, while tourists from Poland, the second largest market with 10.4% of total tourists, spent on average €75.86.

Tourists from Germany, the third largest market with 9.8%, spent on average €98.66 per day, while tourists from Greece with 9% of the market, spent on average €43.37 per day.

Finally, tourists from Israel, the fifth place on the market with 8.2%, spent on average €143.21 per day.

The Future Forbes Realty Global Properties

Green Business Innovation Challenge: Empowering Sustainable Enterprise

by THEFUTURE.TEAM

March 19, 2026

Overview

The Cyprus Chamber of Commerce and Industry (Keve) has extended an exclusive invitation to local enterprises for an upcoming workshop designed to accelerate sustainable practices and enhance competitive edge. Under the auspices of the European SUSTAINET project and the Erasmus+ initiative, this event marks a significant step toward bolstering the green transition in the region.

Fostering Innovation and Corporate Responsibility

Entitled the Green Business Innovation Challenge, the workshop will bring together small and medium-sized enterprises (SMEs) with industry experts, mentors, and key stakeholders within the sustainability ecosystem. Participants will explore cutting-edge trends in sustainable business and learn how to leverage Corporate Social Responsibility as a strategic tool for market differentiation.

Interactive Collaboration and Expert Guidance

Slated for Friday, March 27, 2026, from 09:00 to 15:30 at the Elias Beach Hotel in Limassol, the event will proceed in a face-to-face format with sessions conducted in Greek. Delegates will engage in interactive sessions and co-creation workshops to devise pragmatic solutions to real-world business challenges, while also tapping into expert guidance and networking opportunities with institutional bodies and other industry leaders.

Unlocking Funding Opportunities and Sustainable Practices

The program is set to illuminate how sustainable practices can enhance overall business competitiveness, complemented by detailed insights into modern green business methods and potential funding opportunities for companies transitioning to eco-friendly operations. The initiative is further supported by the pilot development of Green Business Innovation Centres in Cyprus, Greece, and Bulgaria, which serve as robust infrastructural hubs to foster sustainable entrepreneurship.

Registration and Further Details

Although the workshop is free, registration is mandatory and must be completed by March 25, 2026. More comprehensive information about the SUSTAINET project and its strategic objectives is available on the official project website.

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